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20121115
20121115
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day phillip. > > thank you. president obama has set the pace for tomorrow's meeting with congressional leaders. in a news conference yesterday the president reiterated the need to raise taxes on the wealthy while continuing tax breaks for the middle class. the president wants to bring in $1.6 trillion in new revenue. the president made the comments yesterday, at his first news conference since his re-election. "as i've said before, i'm open to compromise and i'm open to new ideas. and i've been encouraged over the past week to hear republican after republican agree on the need for more revenue from the wealthiest americans as part of our arithmatic if we're going to be serious about reducing the deficit." last week, house speaker john boehner said that congress has ways to avert the fiscal crisis, but rewriting the tax code in two or three weeks is not one of them. lawmakers have until midnight on new year's eve to reach an agreement. the first round of meetings begins today. hurricane sandy's power-packed winds swept away sales momentum in the retail sector, especially in the car indu
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